Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) price suffers due to market pressure

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Dogecoin (DOGE) and Bitcoin are almost having a concurrent momentum. In the last few days, we have observed that Bitcoin and Dogecoin are seen struggling because of the market pressure, but the price drop has less density and a maintained range. The same helps the traders to build trust in the coins.

Dogecoin is also showing a similar potential like Bitcoin, which is astounding. The coin is at the 30th position in the crypto market but is showing a remarkable hold on its momentum. Talking about yesterday, the coin touched a high at $0.003018 and a low at $0.002905.

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Current Statistics of Dogecoin:

The chart is taken from Trading View as on 26th July 2019 at 09:41:58 UTC for price analysis.

Dogecoin Price Chart - 26 July
Dogecoin Chart by TradingView

Looking at the chart, it is observed that the coin is reflecting a downfall in the price of Dogecoin to USD. The coin jumped from $0.0029 to $0.0030 by 3.63%. Later, the coin took another jump of 7.49% from $0.0028 to $0.0030 and closed at $0.0029. The coin booked a slight upsurge of 0.37%. Today, Dogecoin opened at $0.0029. The coin slipped in the first few hours from $0.0029 to $0.0028 by 5.22%. Later, the coin escalated from $0.0028 to $0.0029 by 4.4%.

Summary of the Statistics:

  • The current trading price of the coin is $0.00293187.
  • The ROI of Dogecoin (DOGE) is 420.15%.
  • The market cap stands at $350,256,748.
  • The circulating supply is noted as 120,510,417,465 DOGE.
  • The 24hr Volume is at $20,758,501.

Dogecoin Price Prediction and Conclusion:

The traders who are looking for a long-term investment plan comprised of less risk, then Dogecoin would be the best option for them. Both Dogecoin and Bitcoin are maintaining a concurrent momentum during the market fluctuations. The traders can go for the coin with the prospect of high dividend. By the end of 2019, the coin is expected to touch $0.0070

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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